$850,000
77.25 Acres
Land
Emily King, Listing Office: I Sell Houses Real Estate Co
Is Lone Grove, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lone Grove was a Seller's Market.
Key Takeaway
Lone Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lone Grove, OK
How much do homes in Lone Grove, OK cost?
Median Sold Price
$230,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$30,000(-11.5%)
Key Takeaway
Homes in Lone Grove have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in Lone Grove was $230,000 in October 2024, down 11.5% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $119.9K | $168.5K | +40.5% |
| 3 Bedrooms | $260K | $232.5K | -10.6% |
| 4 Bedrooms | $235K | $242.5K | +3.2% |
| 5+ Bedrooms | $1.2M | $487.5K | -59.4% |
Summary: Lone Grove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.5%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 59.4%.
Median Sold Price Compared To Nearby Cities
| Ardmore | $186.1K | $199K | +6.9% |
| Lone Grove | $260K | $230K | -11.5% |
Housing Supply in Lone Grove, OK
How many homes are available in Lone Grove, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The Lone Grove real estate market had 29 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lone Grove housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lone Grove, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lone Grove in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Lone Grove, OK
How long does it take to sell a home in Lone Grove, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 47 Days | +74.1% |
Summary: Homes in Lone Grove had an average of 47 days on market in Oct 2024, up by 74.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lone Grove are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Lone Grove; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 